Gross domestic income in Greenland
Greenland: Gross domestic income was 18.82 billion constant LCU in 2023. ▲ Rising
Gross domestic income in Greenland, 2003–2023
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
In 2023, gross domestic income in Greenland stood at 18.82 billion constant LCU. That is the highest value across all 21 years on record.
Compared with earlier readings it is up 1.1% on the previous year and up 30.0% over ten years.
Over the whole period, gross domestic income in Greenland peaked at 18.82 billion constant LCU in 2023 and was at its lowest, 11.33 billion constant LCU, in 2003.
That places Greenland 156th out of 178 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 21 years of available data.
Gross domestic income in Greenland, year by year
| Year | constant LCU | Change |
|---|---|---|
| 2003 | 11.33 billion constant LCU | — |
| 2004 | 11.96 billion constant LCU | +5.6% |
| 2005 | 12.27 billion constant LCU | +2.6% |
| 2006 | 13.06 billion constant LCU | +6.4% |
| 2007 | 12.99 billion constant LCU | -0.5% |
| 2008 | 13.44 billion constant LCU | +3.5% |
| 2009 | 13.79 billion constant LCU | +2.6% |
| 2010 | 14.08 billion constant LCU | +2.1% |
| 2011 | 14.22 billion constant LCU | +1.0% |
| 2012 | 14.65 billion constant LCU | +3.0% |
| 2013 | 14.48 billion constant LCU | -1.2% |
| 2014 | 15.00 billion constant LCU | +3.6% |
| 2015 | 15.53 billion constant LCU | +3.5% |
| 2016 | 16.78 billion constant LCU | +8.1% |
| 2017 | 16.99 billion constant LCU | +1.2% |
| 2018 | 17.44 billion constant LCU | +2.7% |
| 2019 | 17.71 billion constant LCU | +1.5% |
| 2020 | 17.51 billion constant LCU | -1.1% |
| 2021 | 17.67 billion constant LCU | +1.0% |
| 2022 | 18.62 billion constant LCU | +5.4% |
| 2023 | 18.82 billion constant LCU | +1.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 12.69 billion constant LCU | 11.33 billion constant LCU | 13.79 billion constant LCU | 7 |
| 2010s | 15.69 billion constant LCU | 14.08 billion constant LCU | 17.71 billion constant LCU | 10 |
| 2020s | 18.16 billion constant LCU | 17.51 billion constant LCU | 18.82 billion constant LCU | 4 |
Countries ranked near Greenland
- 153 South Sudan 20.06 billion constant LCU compare
- 154 Venezuela, Bolivarian Republic of 20.01 billion constant LCU compare
- 155 Brunei Darussalam 18.84 billion constant LCU compare
- 157 Bahrain 15.72 billion constant LCU compare
- 158 Bahamas 13.81 billion constant LCU compare
- 159 Sudan 13.17 billion constant LCU compare
More economy & growth data for Greenland
- Gdp worldbank constant usd, annual growth rate 0.8661 % change on previous year (2023)
- Taxes less subsidies on products (current LCU), per capita 16,154 current LCU per person (2023)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.1055 (2016)
- Domestic currency per Special drawing rights (End-of-period (EoP)) 9.48 (2016)
- Domestic currency per US dollar (End-of-period (EoP)) 7.05 (2016)
- Gross domestic savings (current LCU), per unit of GDP 1.77 current LCU per US$ of GDP (2023)
- US dollar per domestic currency (End-of-period (EoP)) 0.1418 (2016)
- Gross domestic savings (current LCU), annual growth rate 1.36 % change on previous year (2023)
- Gross domestic savings (current US$), per capita 15,036 current US$ per person (2023)
- Manufacturing value added to gdp, per capita 0 units per person (2023)
Frequently asked questions
- What is gross domestic income in Greenland?
- Gross domestic income in Greenland was 18.82 billion constant LCU in 2023, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross domestic income recorded in Greenland?
- The highest recorded value was 18.82 billion constant LCU in 2023.
- What is the lowest gross domestic income recorded in Greenland?
- The lowest recorded value was 11.33 billion constant LCU in 2003.
- How does Greenland rank for gross domestic income?
- Greenland ranks 156th out of 178 countries with data for 2023.
- Is gross domestic income rising or falling in Greenland?
- Over the last ten years it is up 30.0%. The long-run trend across the full record is rising.
- Where does this Greenland data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross domestic income (constant LCU). Statizoid updates them automatically from the source API.
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CSV · JSON — 21 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Real gross domestic income (real GDI) measures the purchasing power of the total incomes generated by domestic production. It is a concept that exists in real terms only. When the terms of trade change there may be a significant divergence between the movements of GDP in volume terms and real GDI. The difference between the change in GDP in volume terms and real GDI is generally described as the “trading gain” (or loss) or, to turn this round, the trading gain or loss from changes in the terms of trade is the difference between real GDI and GDP in volume terms. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.